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G4S: Goldman Sachs moves target price from 232p to 242p, while keeping a strong sell recommendation.

Cable & Wireless Communications: Deutsche Bank shifts target price from 55p to 53p reiterating a buy recommendation.

Booker Group: JP Morgan initiates with a target price of 122p and an overweight rating.

Anglo American: JP Morgan reduces target price from 1680p to 1640p and reiterates an underweight rating. UBS ups target price from 1860p to 2000p retaining a neutral rating.

Positive Points: The Chief Executive noted that "2012 was another year of significant progress for IHG with our preferred brands driving RevPAR up 5.2%, led by the US up 6.3%." The board noted that "the 16% increase in our dividend demonstrates the confidence we have in our ability to deliver sustained high quality growth." The dividend policy remains progressive. With regard to current trading, January global RevPAR was up 6.6%. Greater China grew by 21.0%, although this principally reflected the shift in timing of the Chinese New Year. New hotels continue to be opened. During 2012, the number of hotels and rooms which were franchised, managed, owned or leased by the group increased by 122 hotels (17,634 rooms). $500m was returned to shareholders in October (2012) via a special dividend. A further $500m share buyback programme commenced in Q4 2012. Discussions regarding the disposal of certain InterContinental hotels continue. A strong focus on costs remains. The company continues to enjoy broad geographical diversification. The Emerging Markets remain a focus of growth. The company continues to build on its leading position in Greater China. It opened 8,000 rooms in the year, taking its system size in the region up 12% to 62,000, its 7th consecutive year of double digit room growth

Negative Points: Potential US government spending cuts provide uncertainty. Combined with a recent tax increase, any cuts could undermine both corporate and consumer confidence going forward. Its Americas region generated over 45% of group revenue and over 75% of operating profit. Overall Revenue per available room (RevPAR) declined from 6.2% in 2011 to 5.2% in 2012. Trading for its European operations remained more challenging than other regions - RevPAR rose by 1.7% compared with 6.1% for its Americas region. The hotel and travel industry remains vulnerable to geopolitical shocks, natural disasters, terrorism and health scares such as the Sars Virus. The group's plans for expansion in China could be thwarted if there is a downturn in the country's economy. Broader aggressive industry expansion in China continues to fuel potential overcapacity concerns.

Financial Highlights: Group revenues rose by 4% to $1.83 billion Operating profit increased by 10% to $614 million The total dividend for the year was raised by 16% compared to the prior year

Full year results: The results proved to be broadly in line with analyst forecasts, with the share price appearing to suffer a degree of profit taking - down over 3% in opening trade - following a recent strong run. The share price was up over 25% in the last quarter alone, compared to a 10% rise in the FTSE-100 index over the same period (as of 19Feb2013). Exposure to growth regions such as the US and Asia again played its part, with focus brands such as Holiday Inn underwriting momentum in new hotel openings. Ongoing asset sales underpinned cash returns to shareholders, whilst management's confidence in the outlook was reflected in a 16% hike in the dividend payment compared to the prior year. On the downside, potential US government spending cuts currently overshadow by far and away its biggest regional market (over 45% of group revenues - the US), whilst broader concerns for the rebalancing of the global economy and current anemic growth niggle at the company's perceived cyclical status going forward. In all, InterContinental continues to please. An asset light strategy has underwritten significant returns of cash, whilst a bias towards the US and China have helped insulate it from challenges in Europe. Furthermore, the credit crisis itself has arguably fortified the group's position, making it more difficult for entrants and smaller rivals to borrow and compete.

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Commenting on the delivery, Peter Whitbread, Chief Executive Officer, Lamprell, said: "I am delighted to make delivery of the 'Bold Tern' to her new owners. The project has been highly complex with significant challenges which we have overcome."

Lamprell has completed the construction of a wind turbine installation vessel known as Windcarrier 2 Bold Tern, an update from the company has shown. The company, which provides diversified engineering and contracting services to the oil, gas and renewables industry, further stated that it had delivered the vessel to the client, Fred Olsen. The completion and delivery of the vessel, five months after the delivery of its sister vessel, the Windcarrier 1 "Brave Tern", was marked with a ceremony at Lamprell's Jebel Ali facility in the United Arab emirates, attended by members of the Olsen family and senior executives from Fred Olsen and Lamprell. The vessel is expected to depart to its operating location in the North Sea later this week. The group has now completed a total of five new build offshore wind turbine installation vessels with a sixth vessel currently under construction. Aside from the two Fred Olsen vessels, three others were delivered to Seajacks with one more under construction.

The company stated that it is in the process of appointing a search firm to assist in the selection of a Chief Executive Officer and additional board members. INM publishes newspapers in Ireland, Northern Ireland and South Africa. APN has a portfolio of media asserts across Australia and New Zealand.

The proposal was to launch the capital raising with Macquarie Capital as the sole underwriter, at the time of the full year results announcement. Preparation for the capital raising had been supported by all Directors and had been under discussion for several months although the timing and final decision to proceed had not been agreed. The INM update stated that while the board had agreed the company needed to reduce its debt, it was unable to agree on the methodology. "The departing directors believed that a capital raising should be undertaken at the time the company announces its full year results. This would have been in conjunction with a continued focus on repositioning the publishing businesses and potential asset sales. Other directors believe that consideration of an equity raising should be undertaken in a time frame that allowed other options to be pursued." INM and its major shareholder together with Allan Gray, representing approximately 51% of APN's shares, have unequivocally indicated they are opposed to a capital raising at the present time.

The Chairman, Chief Executive Officer and three independent directors have resigned from APN News & Media, the company in which Independent News & Media (INM) has a 28.95% shareholding. A statement issued by INM showed that Peter Hunt, Brett Chenoweth, Melinda Conrad, John Harvey and John Maasland had resigned. The announcement was issued just hours after INM released a statement stating its intention to hold an Extraordinary General Meeting with the purpose of asking shareholders to consider resolutions to remove six directors. In INM's more recent update, it stated that the five outgoing directors' departures would take place on February 19th as of 9am. In addition, the group announced that Kevin Luscombe, an existing director would retire in April as previously planned. INM stated that the board of directors had met yesterday to determine whether APN would undertake a renounceable pro-rata capital raising as disclosed to the market on February 15th 2013.

http://www.barchart.com/opinions/stocks/GAS.LS